Washington. Actually did we lose ashley as i was telling him to wake up. He was telling us about the markets being up for the day. It was quite a finish. Very funny moment. With the dow ending up by 558 points on the day. Were up throughout and we really had a strong move into the finish. As liz claman was talking about it, it didnt necessarily happen on news but happened nonetheless. Back to ashley we hope in a moment. Blake burman in the white house waiting for that News Conference from President Trump i believe at the top of the next hour. I hope youre there, blake. Reporter youre a baseball fan. Call in the righty if ashley cant go. If youre anticipating President Trump right now, within the next hour this, is impromptu announcement the white house said this afternoon saying president will speak from the rose garden at the top of the next hour. The white house not exactly saying what this is about though i am told from a source that the president will be speak about china. Elsewhere within the administration, weve also kept our eyes on Vice President mike pence as he made the rounds in louisiana. Perhaps there is no issue more important, front and center over the white house for the last week or so, trying to get the point out they believe schools across the country should open on time and in full capacity. That took the Vice President to the campus of lsu. As youre looking live. Here was the Vice President from earlier today. As director of cdc said not long ago, we dont want federal guidance to be a reason why schools dont reopen. Reporter there was a bit of a reversal though, melissa and connell, from the Trump Administration within the last hour here. You remember the administration was trying to put a policy in place that International Students on College Campuses only taking online classes would either have to transfer to another school to take classes in person or potentially leave the country all together. However there was a lawsuit that was brought by harvard and mit. And the administration is now backing off this stance. A win for harvard, mit and those International Students. Back over here at the white house, next hour or so President Trump we believe to talk about china. Back to you. Connell watching that very closely, blake, thank you, sir. Melissa . Melissa all right. Getting back to work. The white house releasing a new ad Campaign Today spearheaded by ivanka trump called, find something new. An effort to encourage and assist the millions of laid off american workers. I know what youre thinking. I need a job. Well, ive been there. Ive been there. But you got to keep going. You need the right skills. Find an apprenticeship. You will find something new. You will find something new. Melissa here is James Freeman who i missed so much from the wall street journal. Thanks, melissa. Melissa im so glad youre back. I know you were working on a big book. Im so glad to have you back with us on the show because you are always a explosion of common sense which i love. I love this ad campaign. Thanks. Melissa because i think it is true that there are a lot of people who need to retrain and find something new to do. That said, oh, my goodness, what a daunting task. Youre already out of work. People are saying, guess what . You have got to retrain and find Something Else. Im wondering, do you think its possible and do you think that, i know ivanka trump has been working through this whole entire administration to try to figure out we train the workforce of the future. Have we made any strides in that . Well, this could be helpful. I think as we saw in the first few years of the Trump Administration the best jobs program is low taxes, low regulation. That is working. We have a lot of politicians other than donald trump restraining Economic Activity with lockdowns. So i do think people have to get creative. What the white house did, they have looked at the history. The federal government operates 47 job training programs. Of. Spends about 19 billion a year. A lot of them they dont even measure the results. Ones they do theyre not very good. We have seen some positive effects is on the job search side, giving people resources. What she is doing here putting information out, the ad campaign is paid for generally by the people of the private sector. This is not another big expensive federal program. As you said this is a tough time for people to get creative to figure out how to despite these lockdown restrictions they can find a job. Melissa you know i mean it is interesting as you said because private companies have a huge stake in this. Ive seen it, for example in the kitchen and bath industry, they dont have skilled workers people that can work with their hands, plumbing, designers, people who can work with of course graphics. Theyre trying to partner with schools, grab kids in middle school, grab kids in high school, and train them. For older folks seems more about the gig economy. Maybe they dont have the courage to get trained on coding or something technical but as you look around at what people are doing around you, youre like, well, i could drive an uber. You know, i could do, there is a lot of gig work out there. Maybe is that another solution . Yeah. Some people in my household seem to have found a way to make money in the gig economy. So there is, there are opportunities there. I think it is a positive, that, the white house has looked to private companies, to figure out where the jobs are. A lot of times the government creates these programs without having the real sense of what the economy actually needs. I think, apprenticeships are one area you alluded to. There are opportunities and some of the Government Programs have been modestly helpful but, i think this is a time for everyone. Obviously with the cancel culture in our industry there is, people could be looking for new jobs at any moment. With shutdowns people are thinking about that nationwide. So, i think it is, obviously very timely but, i think, ivanka, her father, everyone at the white house understands that the Real Jobs Program is reopening the economy. Part of that is theyre obviously, were talking about how they want to get schools reopened. That is going to be most helpful in kind of bringing us back to where we were a year ago which is, historic levels of job openings. Melissa he mean the truth is, if were really honest, james, a lot of companies have realized through this they can do more with less. They can have some people work with home, from home, that maybe they dont need as many employees. Maybe they dont need as much of this and that, and that some people who think their job is going to be there when everything reopens, it is not going to be, even though their employ hears told them, maybe the employer had the best intentions in the beginning. So there are people at home who, you know, when they reply to the Unemployment Survey saying im unemployed, im going back to my job. Im thinking to myself, i hope youre right but theyre getting nervous. Yeah. Melissa it is called find something new. Org. That is the webside, for everybody watching this, findsomethingnew. Org. It portends to get information or at least get you thinking about what it is i could be doing. James, you know, there are people, once youre home, you start reflecting maybe you didnt love what you were doing before. Maybe you dont want to go back to that commute. Maybe you dont want to go back to that office. Maybe it is time for your own peace of mind and happiness to find something new. I dont know, your thoughts on that . Yeah. You have to be kind of entrepreneurial. It is hard sometimes, if youre doing a certain job, youre kind of used to being assigned tasks. So it is not always easy to take the initiative and think creatively about, youve been doing one thing, one of the other things you might be able to do. I think a lot of us probably will have to have these thoughts and, kind of explorations of our possibilities here because you mentioned, this is a huge issue for a lot of companies as they look at, when they come back to offices, if people have been working from home, a lot of businesses talking about how they believe they need to spread people out more at work which suggests either fewer people working in those offices or, a lot more commercial office space theyre going to have to buy. Well see. Maybe they can decide people can work from home. Maybe they do decide as you said in some cases businesses can do with less people. So i think it is always going to be challenging and this time particularly but i really think on the positive side, if weve got so many wonderful incentives right now in american terms of competitive Corporate Tax rate, a breather on regulation the last few years f we can just get a reopening, i think you are going to see a very robust recovery and there is no reason in the world if we are back melissa i hope so. Operating again without restrictions, people being sensible, washing hands, all of that, we really have a lot of reason to be optimistic there are going to be more jobs and more growth ahead if we allow it. Melissa i missed your positive spirit, James Freeman. Thank you so much. Connell, over to you. Thank you. Connell all right. Always good to hear from james and always good to hear from Ashley Webster as well. He joins us to talk about the markets. We tried to talk to you at the top of the show, ashley, im told you were speechless by the late rally on the stock market. Yes i was. I saw you and melissa on the screen at the same time. I couldnt say a word. The internet froze. I put more money in the machine, the meter. Now were good to go. Get back to the markets quickly if we can. What a lateday rally, techheavy nasdaq saw a lot of selling. Big Tech Companies made some gains. As the day went on, people said if it is going down, i will buy in. It was a broadbased rally, no doubt with the dow up 2 . I want to talk about quickly some dow winners. We saw money going into cyclical stocks for a while but caterpillar, up nearly 5 on the day. Not bad at all. Deutsche bank raising the price target to 168 bucks on caterpillar. That helped. Travelers with an update on Second Quarter guidance. Apparently investors like that. Exxon, chevron, the oil and gas patch had a good, stronger day with hopes demand picking up. Those two stocks gaining 3 . Home depot, good ol home depot, people looking around at home looking at things need to be fixed they go to home depot. That stock up 3 . I want to mention the banks. Earnings season kicking off. The banks, jpmorgan probably the best of the three that reported today. Pretty impressive. Trading revenue up 79 yearoveryear. Citigroup actually did better than expected. Wells fargo, not so much, 2. 4 billion loss. Revenue down 15 yearoveryear. You see goldman sachs, they will be reporting tomorrow. That stock moving higher before their secondquarter earnings. By the way, the three banks today that reported combined have put aside 28 billion for bad, sour loans. That is a little bit of a concern as stimulus may, stimulus may run out, how many of these loans going to go bad . The big banks certainly are putting a lot of money aside just in case. Very quickly, delta air lines, we know the airlines are struggling right now. It has been pretty rough. They posted a loss of 4. 43 a share. The revenue actually beat slightly expectations but delta says it will be more than two years, they believe, before demand gets back to where it was precovid19. They say Third Quarter capacity, 20 to 25 of what it was last year and the ceo he ed bastion d quote, demand is at a stall. Tough go for airlines, thats for sure. Guys, back to you. Connell crazy. All that said, we end up 550 points higher. Ashley good to see you. My pleasure. Melissa it i amazing. Taking aim at President Trump on the economy, Presumptive Democratic president ial nominee joe biden is unveiling a 2 trilliondollar clean energy and infrastructure plan. Fox newss steve doocy live in wilmington, delaware with the latest. Peter. Reporter melissa, joe biden didnt have to go far from home. His remarks were here in wilmington, delaware, along the christina river. The headline of that plan, he wants the u. S. Totally emissions free by 2050. He wants the power grid to be pollutionfree in 15 years, by 2035. Those two things, part of a plan that would cost 2 trillion. Were not just going to tinker around the edges. Were going to make historic invests. Reporter now, gop spokesman is warning of the high cost with this, quote, joe bidens economic and climate agenda shows he is beholden to leftwing idealogues not to American People, who face prospect of eliminated jobs and higher taxes under his plan. Bidens argument, republican policies championed by President Trump are backward looking and hurt Americans Health and he claims that the biden agenda will make million jobs and require buildings to be retrofitted and replaces humongous fleet of electric vehicles with electric cars. I did ask biden in event closed to public while he was walking away from the lecturn if he had anytime for a few questions but he just kept walking. Melissa. Melissa i woe never ignore you, peter doocy. Thank you. Connell i didnt hear. That i didnt know it was peter. Fox business alert, speaking of News Conferences, were waiting for one from President Trump at the top of the next hour. The president making new comments about china. He was interviewed by cbs news and in that interview he is not interested in talking to china about a second deal. He made the similar comments aboard air force one. Well bring you the president s remarks about china from the rose garden in that News Conference as soon as it begins. As coronavirus cases surge in areas across the country, top u. S. Health officials making a bold prediction on a timetable for a potential vaccine. Going to talk in a moment to the former health and Human Services secretary, tom price, about the state of play. Thats up next. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. announcer reliability is everything. So, if your networks down, youre down. Verizon knows your customers need to reach you seamlessly. Your team needs to work from different places across many devices. Plus, you want the security trusted by some of the Largest Companies in the world. And thats why you trust us. The most Reliable Network in america. Simon pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. Touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. Melissa a race for a vaccine. Senior Administration Official confirming that there is a plan to start manufacturing a Coronavirus Vaccine by the end of the summer, to be available as early as the beginning of next year. Edward lawrence is in washington with the details. Edward . Reporter melissa, really four companies are sort of come out front in the eyes of the u. S. Government. 19 potential vaccines the u. S. Is investing in these four companies to help them so far. Now the four companies, senior Administration Official says, that they are putting money in is moderna, johnson johnson, novavax and astrazeneca which is actually med headquartered in the snide the kingdom. Johnson johnson by end of the july. President positive feeling about the vaccine for coronavirus by the end of the year. As the head of the cdc said we dont want federal guidance to be the reason why schools dont reopen. Reporter obviously talking about schools there but the Vice President very interested, saying that he is proud to report theyre moving forward aggressive with warp speed the development of a vaccine. Senior Administration Official says the u. S. Will actively manufacturing a vaccine by the end of the summer even though it will not be approved yet. Companies will gear up to start production if they feel confident in their product to be first on the market. The official says with help from the federal government production could begin in four to six weeks. China also investing heavily in a vaccine. Chinese military is already giving a doses of a vaccine developed by the Chinese Pharmaceutical Group to soldiers and employees traveling overseas. It is in phase three testing. It is experimental at this point. China expects factories online in early 2021, to have 100 million, to 200 million doses annually. The u. S. Is saying they could have 100 million doses by the end of this year. Melissa, the race is on. Melissa there you go, edward. Looking forward to that. Thank you. Connell. Connell lets talk melissa, about this with tom price, the former health and Human Services secretary in the early days of the Trump Administration and from what you just heard, four Companies Really working on it, rushing to the vaccine done, manufactured by late summer, how optimistic is it . How do you feel about it . Im optimistic about it because we always led in the area of science. The importance is the race itself. The Companies Involved vast majority have some sort of international c